Auctioneer Siti Izan Suhana Raden Omar said this was the best time to buy property as prices were attractive.The downward trend, she said, was expected to continue due to the prolonged pandemic and movement control order.
Siti Izan further said that transactions recorded by the company showed 60% of the buyers of residential properties in the secondary market were investors and 40% owner-occupier. Property firm proprietor Michael Tay Chee Boon also said it was a buyers’ market now and interested parties could bargain or negotiate when it came to prices.
First-time housebuyers are also advised to put extra effort into scouting for housing estates that have many houses up for sale before signing the sale and purchase agreement.
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